Dolphin Offshore Enterprises (India) Ltd

AGM details

• Date, time and mode: August 25, 2026 at 11:00 AM via VC/OAVM.
• Remote e-voting provided; venue voting open for 15 minutes.

Resolutions to vote

• Adopt standalone and consolidated financial statements for FY2025-26 and related reports.
• Appoint Mr. Rohan Shah as Director, liable to retire by rotation.
• Approve material related party transactions for the Company.
• Approve material related party transactions by the Subsidiaries.
• Re-appoint Mr. Rupesh Kantilal Savla as Managing Director.

Voting results status

• Detailed voting results to be submitted to stock exchanges.

Other governance notes

• Auditors' report had no qualifications or adverse observations.

Price movement clarification

• Dated 19 August 2026, the letter to BSE states all material information has been disclosed as required.
• No additional information is required; price/volume movement is market-driven.

AGM notice and key dates

• 47th AGM scheduled for 25 August 2026 at 11:00 IST via VC/OAVM.
• Annual Report for FY 2025-26 and AGM Notice submitted to regulators and members.
• Book closure from 19 August to 25 August 2026 for record of members.
• Cut-off date for voting entitlement fixed at 18 August 2026.
• Remote e-voting window from 21 August 2026 09:00 to 24 August 2026 17:00 IST.
• e-voting managed by MUFG Intime India Private Limited.
• Date of declaration of result within two working days of AGM.
• Notice and annual report available on the company's website.

AGM & investor communications

• 47th AGM on 25 August 2026 via VC/OAVM.
• Remote e-voting from 21 to 24 August 2026; cut-off 18 August 2026.
• Notice and Integrated Annual Report available on company website.
• E-voting services provided by MUFG Intime India Private Limited.

Standalone financials

• Standalone revenue from operations ₹1,173.25 Lakhs; total income ₹3,979.00 Lakhs.
• Standalone PAT ₹3,753.55 Lakhs; PBT ₹2,617.65 Lakhs.
• Standalone EPS ₹9.38; standalone tax expense ₹1,135.88 Lakhs.

Consolidated financials

• Consolidated revenue from operations ₹11,642.04 Lakhs; total income ₹13,384.07 Lakhs.
• Consolidated PAT ₹6,853.79 Lakhs; OCI ₹1,248.53; total comprehensive income ₹8,102.32.
• Consolidated EPS ₹17.13.

Capital structure & dividends

• Authorized share capital ₹25 crore; issued and paid-up ₹400.05 Lakhs.
• No dividend declared for FY2025-26.
• Deep Onshore Services holds 74.99% equity in Dolphin Offshore.

Subsidiaries & group structure

• DOEMPL (Mauritius) and Beluga DMCC are 100% subsidiaries.
• Beluga IFSC Private Limited incorporated March 9, 2026; IFSC approval pending; paid-in capital not infused.
• Investments in subsidiaries total ₹22.80 Lakhs: DOEMPL ₹11.45; Beluga DMCC ₹11.35.

Governance & board

• Christopher Rodricks resigned as Independent Director on 23 Apr 2025.
• Ashok Ratilal Patel (Independent) passed away on 13 Dec 2025.
• Shivangi Digant Shah appointed Independent Director from 22 Jul 2025; Vinit Mundra from 12 Mar 2026.
• AC chaired by Mundra; NRC and SRC chaired by Mundra; CSR chaired by Savla; 4/3/2/1 meeting counts respectively.

Related party transactions

• Related party transactions are at arm's length; AGM approvals sought for Table A1-A2 and B1-B2.
• Major RPT with Deep Onshore Services (Holding) and Deep Industries (Ultimate).
• DOEMPL loan receivable ₹22.06 Lakhs; Beluga loan receivable ₹23,880.51 Lakhs; interest ₹1,372.65.
• Salaries: Divyesh Shah ₹21.96; Krena Khamar ₹6.93; sitting fees: Shah ₹0.80, Patel ₹0.60, Dedhia ₹0.80.

Auditors & internal controls

• Statutory auditors: Mahendra N. Shah & Co.; Secretarial: Aishwarya Parekh; Internal: Manubhai & Shah LLP.
• Secretarial audit MR-3: no qualifications; Board-compliance certifications provided.
• Board approval of annual financial statements dated May 5, 2026.

Outlook & risks

• Offshore OSV market upcycle with DP2 assets driving demand.
• Utilization and day rates expected to rise; international expansion supports growth.
• Key risks: oil price volatility, project delays, regulatory changes, cyber threats.

CSR & compliance

• CSR obligation not applicable for FY 2025-26; prior year ₹32.58 Lakhs.
• CSR policy available on company website.

AGM Details

• AGM date/time: 25 August 2026 at 11:00 AM IST via VC/OAVM
• Mode: VC/OAVM
• Book closure: 19 Aug to 25 Aug 2026 (inclusive)
• Record date for voting entitlement: 18 Aug 2026
• Cut-off date for e-voting: 18 Aug 2026
• Remote e-voting window: 21–24 Aug 2026
• E-voting provider: MUFG Intime India Private Limited
• Notice/Annual Report available on company website

Ordinary Business

• Adopt standalone and consolidated financial statements and reports
• Rohan Vasantkumar Shah to be re-appointed as Director

Related Party Transactions

• Item 3: Approve material related party transactions for the company
• Item 4: Approve material related party transactions for subsidiaries
• No related party shall vote on items 3 and 4

MD Re-appointment

• Re-appoint Rupesh Savla as Managing Director for five years from 7 December 2026; remuneration Nil

RPT Details

• A1/A2: Company-level RPTs with DOSPL and Deep Industries group; up to Rs 50 crore
• B1/B2: Subsidiaries' RPTs with Beluga International and Deep International FZCO; up to Rs 350 crore

Results and subsidiary update

• Standalone Q1 2026-27: revenue 4,284.65 lakhs; PAT 1,481.41 lakhs; EPS 3.70.
• Consolidated Q1 2026-27: revenue 4,047.15 lakhs; net profit 1,386.11 lakhs; total comprehensive income 1,386.11 lakhs.
• ECL provisions: standalone Rs 502.18 lakhs; consolidated Rs 1,110.49 lakhs.
• Beluga International (IFSC) Private Limited incorporated; certificate 9 Mar 2026; IFSCA in-principle approval 10 Jul 2026.
• Paid-up capital not infused; operations not commenced; expenses of incorporation receivable.
• IFSC approval pending; 100% ownership by Dolphin Offshore and nominee; subsidiary considered per Ind AS 110.
• Audit Committee reviewed results; Board approved on 24 Jul 2026; OCR copy submitted to NSE.
• Single segment: All & Gas Offshore Support Services.

MD Re-appointment

• Re-appoints Mr Rupesh Kantilal Savla as MD for 5 years from Dec 7, 2026, subject to AGM.
• Profile: 29+ years in energy; MBA from Bentley College; Commerce degree from Gujarat University.
• Not debarred from holding office by SEBI or any authority.